Science Fair Project Encyclopedia
Activist shareholder
An activist shareholder is one who uses an equity stake in a corporation not simply as an item within a portfolio but as an opportunity to redefine and redirect the management of that corporation.
Shareholder activism can take any of several forms: proxy battles, publicity campaigns, litigation, even in the right circumstances more-or-less amiable negotiations with management.
For example, in September 2003, hedge fund manager Lawrence J. Goldstein created a new fund specifically for the purpose of using such activism to increase the value of targeted corporations' equity. The resulting entity is known as the Santa Monica Partners Opportunity Fund LP, [1]
Last updated: 05-10-2005 06:45:59
10-26-2009 08:16:03
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details